Question 4: KLM Company is preparing the annual financial statements dated December 31, 2020. Item A B D Quantity on Hand 150 200 120 140 Unit Cost When Acquired $30 55 70 50 Market Value at year end $21 52 53 65 a) Compute the valuation for the December 31, 2020, inventory using the lower-of-cost-or-market value basis and make necessary adjusting journal entries. b) Sold 25 units of A for $28 in cash and 10 units of D for $45 each in cash and 5 unites of was written-off. Make necessary journal entries